A report from ABC News in Australia. "There has been a dramatic increase in how long it is taking to sell properties over the past year. Pat and Shirley Tucker have put their four-bedroom home in Melbourne's eastern suburbs on…
A report from the Sacramento Bee in California. "After months — and even years — of rising home sale prices, the Sacramento region could be seeing the first signs of a decline. The median home sales price in the Sacramento…
A report from Kieth Jurow at Market Watch. "Remember all those sub-prime mortgages that blew up in 2007 and popped the housing bubble? The widely-held consensus is that millions of them were foreclosed as housing markets cratered. Since then, the…
A report from Xinhua on Sweden. "For the first time in ten years, several construction companies have been forced to buy newly constructed apartments that failed to find buyers. 'It is a worse crisis now than ten years ago,' said…
A report from the Mercury News in California. "Michelle Ronco, senior product marketing manager with MLS subsidiary Aculist, put Silicon Valley’s housing market in perspective for local Realtors at a meeting in Los Gatos. Santa Clara County’s sales volume peaked…
A report from Forbes on New York. "Though New York already has a 'mansion tax'—a 1% tax on homes over $1 million—support for the pied-a-terre bill is gaining. 'Because many of these expensive properties are effective ways for foreign buyers…
It's Friday desk clearing time for this blogger. "'Rising interest rates can affect what a borrower can qualify for and the maximum purchase price or loan amount. It would mean higher monthly mortgage payments,' explained Alan Barbic, president of the…
A report from Reuters on Australia. "As property prices rocketed toward the heady peak of Sydney's real-estate boom in 2017, the bulldozers came to Epping. But prices are now in freefall, and the suburb is being refashioned once more, this…
A report from the Wall Street Journal. "Sales of previously owned homes fell in January, although a decline in home prices and mortgage rates could bode well for a pickup this spring. January marked the third consecutive month of declining…
A report from the Buffalo News in New York. "Rochester developer Robert C. Morgan's problems in Buffalo just got worse. The special loan servicer handling the $27.8 million commercial mortgage on the Raintree Island Apartments in the City of Tonawanda…